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Crude, product exports reach record levels 1st half of year… EIA

You are here: Home / Uncategorized / Crude, product exports reach record levels 1st half of year… EIA

October 19, 2017 by Jim Colburn Leave a Comment

The EIA discusses crude oil and product exports in this issue of Today in Energy…

“Crude oil exports in the first half of 2017 increased by more than 300,000 barrels per day (b/d) from the first half of 2016, reaching a record high of 0.9 million b/d. Petroleum product exports also grew over the same period with propane and distillate exports reaching record highs of 0.9 million b/d and 1.3 million b/d, respectively.”

“Distillate exports in the first half of 2017 were 14% higher than in the first half of 2016, with exports to South and Central America accounting for most of this growth. The share of distillate exports to Central and South America increased slightly to 56%, while the share of distillate exports to Western Europe fell to 19%. Mexico remained the largest single destination for U.S. distillate, averaging 17% of total exports (223,000 b/d), followed by Brazil and the Netherlands.” …

“In the first half of 2017, Mexico experienced unexpected refinery outages that reduced production of gasoline and distillates even further, and U.S. exports of gasoline to Mexico increased by 27,000 b/d compared with the first half of 2016.”

“U.S. propane exports reached a record high of 913,000 b/d in the first half of 2017, up from 793,000 b/d in the first half of 2016. Most of this increase is from U.S. exports to Asian markets, which accounted for 76% of the growth since the first half of 2016, and most of the destination countries for U.S. propane exports are Asian markets.”

 

 

 

 

 

 

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